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Job Information
Southern Company Power Trader in Birmingham, Alabama
Power Trader
This position will be located at the Energy Center in Birmingham, AL
Summary of Position Duties
The Power Trading team of the Commercial Optimization, Trading & Transmission organization within Southern Power Company interfaces with the power markets to optimize the value of gas and renewable assets, to hedge risks inherent with purchase power agreement contract structures, and to provide net income through trading activity. This position is accountable for developing, analyzing and executing market strategies in the wholesale energy markets, both bilateral and organized RTO/ISO markets. These strategies may include marketing excess capacity and energy from uncovered assets, optimizing market value through day ahead and real time offers, hedging price basis risk using various market instruments and creating margin opportunities through financial power trading. Transactions are pursued in the short-term market (next-day up to two years). The position must perform these activities within all applicable policies, procedures, laws and regulations while collaborating closely with other groups (e.g. Structuring & Analysis, Fleet Operations, Fuels and Risk Control). This position also interfaces with external customers/counterparties.
Job Experience and Education
BS in Engineering, Finance, Economics, Math or related field required or ten years related experience in energy trading and scheduling
MBA or MS in Engineering, Finance, Economics or related field desired
3+ years energy trading experience strongly desired, experience in multiple areas preferred:
Power trading and scheduling
Fuel procurement
Financial power trading
Market analysis or structuring
System planning
Finance/risk management
Power trading experience in some/all of SOCO, ERCOT, MISO, PJM and SPP desired
Knowledge, Skills & Abilities
The following knowledge, skills and abilities are desired:
Knowledge of:
Contract structures for energy and capacity
Economic dispatch and unit commitment; electric system interconnected operations
Physical and financial power products
Natural gas markets and products
Transmission and ancillary services procurement
Pertinent federal and state regulatory requirements
Power market fundamentals (SOCO, ERCOT, MISO, PJM, SPP)
Derivative products and pricing concepts (including options)
Energy trading concepts and hedging strategies
Middle (risk control) and back office (accounting) processes
Skills:
Strong analytical and critical thinking skills
Effective oral and written communication skills
Excellent negotiation and customer relationship skills
Strong computer skills with Excel and working knowledge of standard office applications
Ability to:
Develop, communicate and execute trading strategies
Use quantitative methods to analyze opportunities and make decisions with incomplete information under short time constraints
Identify and execute transactions to take advantage of market opportunities
Multitask in critical situations
Learn quickly and retain knowledge
Behavioral Attributes
Perform effectively in a high-paced environment
Ability to establish and maintain business relationships
Work as an effective team member during stressful situations
Possess a proactive, creative nature to identify and pursue business opportunities
Ability to receive daily critique of outcomes of business decisions
Self-motivated
Demonstrate Our Values: Safety First, Intentional Inclusion, Act with Integrity, Superior Performance
Work Schedule & Travel Requirements
Extended work hours may be required at times of peak workload to support the team
Weekend availability as needed
Some travel is required (up to 25%) as this position interfaces with external customers/counterparties and market participants
Southern Power , a subsidiary of Southern Company, is a leading U.S. wholesale energy provider meeting the electricity needs of municipalities, electric cooperatives, investor-owned utilities, and other energy customers. Southern Power and its subsidiaries own 55 facilities operating or under construction in 14 states with more than 12,500 MW of generating capacity in Alabama, California, Delaware, Georgia, Kansas, Maine, Nevada, New Mexico, North Carolina, Oklahoma, South Dakota, Texas, West Virginia, and Washington.
Southern Company (NYSE: SO) is a leading energy provider serving 9 million residential and commercial customers across the Southeast and beyond through its family of companies. Providing clean, safe, reliable and affordable energy with excellent service is our mission. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy infrastructure company with national capabilities, a fiber optics network, and telecommunications services. Through an industry-leading commitment to innovation, resilience, and sustainability, we are taking action to meet our customers’ and communities’ needs while advancing our commitment to net zero emissions by 2050. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success. We are transforming energy into economic, environmental and social progress for tomorrow. Our corporate culture and hiring practices have earned the company national awards and recognition from numerous organizations, including Forbes, Military Times, DiversityInc, Black Enterprise, J.D. Power, Fortune, Human Rights Campaign and more. To learn more, visit www.southerncompany.com.
Southern Company is an equal opportunity employer where an applicant's qualifications are considered without regard to race, color, religion, sex, national origin, age, disability, veteran status, genetic information, sexual orientation, gender identity or expression, or any other basis prohibited by law.
Job Identification: 6266
Job Category: Engineering
Job Schedule: Full time
Company: Southern Power